2828 CORBETT INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

STACEY HENRIQUEZ

Phone

5037255863

Tax Period

2024-07-01 to 2025-06-30

2828 CORBETT INC, founded in 2005, is a small nonprofit in the Mutual Benefit sector that reported $107K in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $343K exceeded revenue, resulting in a 219% operating deficit.

Mission

THE ORGANIZATION'S PRIMARY PURPOSE IS TO HOLD TITLE TO REAL PROPERTY; COLLECT INCOME FROM SUCH PROPERTY; AND TURN OVER THE ENTIRE AMOUNT 2828 CORBETT INC. 20-2021524 COLLECTED, LESS OPERATING COSTS, DEPRECIATION AND RETIREMENT OF INDEBTEDNESS TO ITS SOLE MEMBER, PORTLAND STATE UNIVERSITY FOUNDATION (THE FOUNDATION), AN OREGON NONPROFIT ORGANIZATION DEDICATED TO SUPPORTING AND PROMOTING THE MISSION OF PORTLAND STATE UNIVERSITY (THE UNIVERSITY). THE ORGANIZATION LEASES THE PROPERTY TO THE UNIVERSITY FOR ITS BUSINESS ACCELERATOR PROGRAM.

Program Service Accomplishments

Program 1

N/A

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $107,343

Investment Income $0

Other Revenue $0

TOTAL REVENUE $107,343

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $342,859

TOTAL EXPENSES $342,859

Year-over-Year Comparison

	2024	2023	Change
Revenue	$107,343	$159,000	-0.3%
Expenses	$342,859	$354,727	0.0%
Net Income	$-235,516	$-195,727	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$696,013

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AL BARKOULI	CHAIR	0.02	Officer Director	$0	$0	$0
SAMMI PAHLOW	VICE CHAIR	0.02	Officer Director	$0	$0	$0
JON OWENS	TREASURER	0.02	Officer Director	$0	$0	$0
MARCIA MASON	SECRETARY	0.02	Officer Director	$0	$0	$0
TINA ADAMS	TRUSTEE	0.02	Director	$0	$0	$0
CARY JACKSON	TRUSTEE	0.02	Director	$0	$0	$0
ED JOHNSON	TRUSTEE	0.02	Director	$0	$0	$0
JOE MCFERRIN II	TRUSTEE	0.02	Director	$0	$0	$0
CHRISTINE NICKERSON	TRUSTEE	0.02	Director	$0	$0	$0
RICHARD SOLOMON	TRUSTEE	0.02	Director	$0	$0	$0
KEREN BROWN WILSON	TRUSTEE	0.02	Director	$0	$0	$0
CHARLENE ZIDELL	TRUSTEE	0.02	Director	$0	$0	$0
SARAH SCHWARZ	PRESIDENT	0.25	Officer	$0	$55,895	$455,949
STACEY HENRIQUEZ VP	OF FINANCE AND ACCOUNTING	0.25	Officer	$0	$33,966	$240,064

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$107,343	$342,859	$2,900,572	$-235,516
2024	$159,000	$354,727	$3,249,691	$-195,727
2023	$159,000	$326,561	$3,520,577	$-167,561
2022	$386,475	$267,869	$3,734,574	$118,606
2021	$462,300	$570,509	$3,008,247	$-108,209
2020	$462,300	$355,570	$3,129,898	$106,730
2019	$462,300	$462,500	$3,152,309	$-200
2018	$462,300	$599,411	$3,265,959	$-137,111